Louisiana Revised Statutes 37:1921 – Definitions
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 37:1921
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Service of process: The service of writs or summonses to the appropriate party.
The following terms shall have the meaning ascribed to them unless the context clearly indicates otherwise:
(1) “Itinerant vendor” means any person, partnership, firm or corporation of whatever type, including their agents and employees, who engages in a temporary business in this state exhibiting merchandise to the public for the purpose of selling or offering to sell, or taking orders to sell such merchandise when such vendor does not have a permanent address in this state and does not have a duly appointed agent for service of process in this state.
(2) “Merchandise” shall mean any consumer item that is, or is represented to be, new or not previously owned by a consumer.
Added by Acts 1982, No. 815, §1.